On March 31, 2025, the world’s largest cryptocurrency exchange by trading volume will shut down its P2P Cash Zone, a peer-to-peer service through which digital assets can be bought and sold for cash from registered sellers.
The cryptocurrency exchange team explained the reason for closing the service by plans to focus more on its core offerings.
Binance has made the decision to close P2P Cash Zone. This decision reflects our commitment to focus on our core services and continue to develop solutions that best meet the needs of our global user base.
According to the notice, access to P2P Cash Zone will cease to work on March 25, 2025.
Orders submitted before this deadline will be processed as usual, the notice says.
After March 31, 2025, the service will be completely shut down and no further transactions will be supported.
According to a number of cryptocurrency experts, the closure of the P2P Cash Zone service could negatively affect liquidity trading platform, as customers who prefer to use more anonymous cash payments when buying/selling digital assets may leave the platform and find a similar service on other exchanges.